Made it down to where the truck is, and now I have some questions. First a picture (of course

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As said before, the rear axle needs to have the gears set, I'm not thrilled with the older style of drum brakes, and a bolt broke off in the pinion yoke. I have a spare axle with the later style of brakes, but it is in need of a brake/seal rebuild, a new diff cover, and some rust remediation at the very least.
I am considering 3 options at this point:
1) rebuilding the newer axle, moving spring & shock perches, and swapping it out in the next couple of days (before I have to haul the truck home). This is what I was planning to do, but upon looking at it, a couple of options look like less work.
2) Converting the existing axle to disc brakes. I've had one set of e-brake calipers in the past, and I didn't enjoy getting them adjusted, so I would run normal calipers (no e-brake). I've avoided this in the past, but Wifey has decided that she's fine having no e-brake on this rig. And I've decided that I'm happy with whatever she wants.
3) Swapping the newer hubs & brake hardware to the older axle. I'm not sure how possible this is, but I think it would be easier than doing another axle swap. Assuming the parts bolt right on.

Anybody done this option?
Of the 3 options, I'm leaning toward the disc conversion because it seems to be the simplest solution to the issues. And it avoids the need to wrangle yet another 14bff across the dirt floor.
Any thoughts?
